updated 11/24/2010 5:56:19 PM ET 2010-11-24T22:56:19

The Chevrolet Volt, General Motors' first foray into electric vehicles, will get the equivalent of 93 miles per gallon of gasoline in combined city and highway driving while powered by its batteries, the company announced Wednesday.

The compact car will get 37 mpg when running on the generator alone, GM said. In a driving cycle that combines battery and generator power, the car will get 60 mpg, GM said.

The mileage figures will be on the Volt's window sticker. It's an estimate from the U.S. Environmental Protection Agency.

Earlier in the week Nissan said its Leaf all-electric car would get an estimated 99 mpg in combined city and highway driving.

The Volt can go 25-50 miles on electricity, then a small electric motor kicks in to generate power for the car.

Both the Leaf and Volt go on sale within weeks.

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